KPMG chief economist: Negative interest rates ‘unlikely’ but government support key
Big Four

KPMG chief economist: Negative interest rates ‘unlikely’ but government sup...

3y Tom Lemmon

KPMG chief economist: Negative interest rates ‘unl...

ACCA adds that “fear indices” are still unusually high Read More...

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Video: Tech no ‘silver bullet’ for audit
Audit

Video: Tech no ‘silver bullet’ for audit

3y Tom Lemmon

Video: Tech no ‘silver bullet’ for audit

Audit technology will be a valuable tool but can’t singlehandedly prevent further scandals Read More...

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Report: Auditors brace for “imminent” proposals
Audit

Report: Auditors brace for “imminent” proposals

3y Tom Lemmon

Report: Auditors brace for “imminent” proposals

BEIS’s initial recommendations and consultations on audit reform expected to be made public before Christmas with full implementation in 2023 Read Mor...

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Industry divided over SEC auditor independence reforms
Audit

Industry divided over SEC auditor independence reforms

4y Tom Lemmon

Industry divided over SEC auditor independence ref...

The US Securities and Exchange Commission (SEC)’s reforms to the Auditor Independence Framework have exposed deep divisions in the sector over where t...

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Deloitte partners face £19m insolvency lawsuit
Big Four

Deloitte partners face £19m insolvency lawsuit

4y Tom Lemmon

Deloitte partners face £19m insolvency lawsuit

Relationship between insolvency practitioners and banks under spotlight again Read More...

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Auditors must “stop pretending” it’s not their job to catch fraud
Audit

Auditors must “stop pretending” it’s not their job to catch fraud

4y Tom Lemmon

Auditors must “stop pretending” it’s not their job...

President and founder of audit tech company Confirmation calls on auditors to get serious about catching fraud Read More...

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BEIS committee MP calls for patience over audit reform
Audit

BEIS committee MP calls for patience over audit reform

4y Tom Lemmon

BEIS committee MP calls for patience over audit re...

Conservative MP “wouldn’t read into” failure of government to bring legislation forward since the Brydon report was published Read More...

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FRC urges government to implement audit reform
Audit

FRC urges government to implement audit reform

4y Tom Lemmon

FRC urges government to implement audit reform

Principles for operational separation of audit were released yesterday by the FRC, but new legislation is needed for next steps Read More...

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Audit shake-up a good 'first step'
Audit

Audit shake-up a good 'first step'

4y Tom Lemmon

Audit shake-up a good 'first step'

FRC has announced plans for the ‘operational separation’ of audit practices Read More...

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EY’s Wirecard audit exposes potential fraud
Audit

EY’s Wirecard audit exposes potential fraud

4y Shannon Moyer

EY’s Wirecard audit exposes potential fraud

After a series of audits by EY and a special audit by KPMG, nearly €1.9bn remains unaccounted for Read More...

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Q&A: EY’s global vice chair of tax on a changing function
Big Four

Q&A: EY’s global vice chair of tax on a changing function

4y Jeremy Chan

Q&A: EY’s global vice chair of tax on a changing f...

Accountancy Age sits down with Kate Barton to discuss the effects the pandemic is having on the tax function and what to expect going forward Read Mor...

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Wirecard audit procedures yet to be completed
Audit

Wirecard audit procedures yet to be completed

4y Shannon Moyer

Wirecard audit procedures yet to be completed

EY audit of the financial services provider has been repeatedly deferred Read More...

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KPMG, PwC's Eddie Stobart audits under FRC investigation
Audit

KPMG, PwC's Eddie Stobart audits under FRC investigation

4y Shannon Moyer

KPMG, PwC's Eddie Stobart audits under FRC investi...

Audits for Eddie Stobart’s 2017 and 2018 accounts found errors dating back several years Read More...

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BDO furloughs 700 employees, firms cut pay
Big Four

BDO furloughs 700 employees, firms cut pay

4y Shannon Moyer

BDO furloughs 700 employees, firms cut pay

Mid-tier firm furloughs staff two weeks after attending a virtual meeting with several competitors on government assistance Read More...

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Reports suggest Big Four, BDO and Grant Thornton discuss furlough behind closed doors
Big Four

Reports suggest Big Four, BDO and Grant Thornton discuss furlough behind cl...

4y Shannon Moyer

Reports suggest Big Four, BDO and Grant Thornton d...

Top six UK accounting firms met virtually in a meeting organised by the ICAEW to discuss the potential hit their reputations would take if they utilis...

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FRC fines KPMG £700,000 for poor audit
Audit

FRC fines KPMG £700,000 for poor audit

4y Tom Lemmon

FRC fines KPMG £700,000 for poor audit

The FRC has fined KPMG UK £700,000 and reprimanded KPMG UK’s former senior partner for Manchester, Nicola Quayle for a “failure to apply sufficient pr...

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Humphrey: Audit needs a dynamic repair
Audit

Humphrey: Audit needs a dynamic repair

4y Tom Lemmon

Humphrey: Audit needs a dynamic repair

Manchester University’s Professor of accounting, Christopher Humphrey talks to Accountancy Age about the future of audit Read More...

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Exclusive: Interview with Sir Donald Brydon – “That can’t happen again” - Part 2
Audit

Exclusive: Interview with Sir Donald Brydon – “That can’t happen again” - P...

4y Chris Jewers

Exclusive: Interview with Sir Donald Brydon – “Tha...

In the second part of Accountancy Age’s exclusive interview with Sir Donald Brydon, we hear how the same concerns with audit expressed in 1992 have no...

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Apprenticeships shaping future of business
Big Four

Apprenticeships shaping future of business

4y Laura Keen

Apprenticeships shaping future of business

Laura Keen, EY Apprenticeship leader, shares the experiences of apprentices from the EY Transaction Business Apprenticeship. Read More...

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Exclusive: Interview with Sir Donald Brydon – "Last chance saloon" for audit
Accounting Firms

Exclusive: Interview with Sir Donald Brydon – "Last chance saloon" for audi...

4y Chris Jewers

Exclusive: Interview with Sir Donald Brydon – "Las...

Speaking exclusively to Accountancy Age in the first of a two-part series, Sir Donald Brydon - author of the report into the effectiveness and quality...

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Audit industry stalemate shows signs of shifting
Audit

Audit industry stalemate shows signs of shifting

4y Chris Jewers

Audit industry stalemate shows signs of shifting

Signs that the UK’s audit industry would reform had slowed in the New Year, but with Brexit almost over the line and an impending cabinet reshuffle, w...

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Deloitte pursues KPMG over audit of Goals Soccer Centres
Audit

Deloitte pursues KPMG over audit of Goals Soccer Centres

4y Chris Jewers

Deloitte pursues KPMG over audit of Goals Soccer C...

Investigations into accounting fraud at Goals has involved HMRC, the FCA, BDO, RSM, Deloitte and could see KPMG on the wrong end of legal action, acco...

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FRC extends Thomas Cook investigation to more statements audited by EY
Accounting Firms

FRC extends Thomas Cook investigation to more statements audited by EY

4y Chris Jewers

FRC extends Thomas Cook investigation to more stat...

The UK’s audit and accountancy watchdog has announced it will expand its investigation into EY’s auditing of Thomas Cook’s financial statements to inc...

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The top UK accounting scandals of 2019
Big Four

The top UK accounting scandals of 2019

4y Shannon Moyer

The top UK accounting scandals of 2019

Looking back on the financial scandals, auditing failures and fraudulent accounting of 2019 that made headlines and instigated industry change. Read M...

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PwC review finds M&C Saatchi accounting errors totalling £11.6m
Big Four

PwC review finds M&C Saatchi accounting errors totalling £11.6m

4y Shannon Moyer

PwC review finds M&C Saatchi accounting errors tot...

Advertising agency M&C Saatchi has taken a £11.6m hit following an internal review by PwC, doubling the original £6.4m loss the company announced in A...

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KPMG UK launches audit only apprenticeship
Big Four

KPMG UK launches audit only apprenticeship

4y Leanna Reeves

KPMG UK launches audit only apprenticeship

The Big Four firm is aiming at recruiting 140 audit practice apprentices in the next year. Read More...

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PwC’s rising star
Big Four

PwC’s rising star

4y Tom Lemmon

PwC’s rising star

Winner of the British Accountancy Award’s Rising Star of the Year, Harry Pampiglione explains how coding has taken his career to the next level. Read ...

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